Noteworthy Price Action: Is Selling 52-Week Stock Like Diana Containerships Inc a Winning Strategy?

Noteworthy Price Action: Is Selling 52 Week Stock Like Diana Containerships Inc a Winning Strategy?

The stock of Diana Containerships Inc (NASDAQ:DCIX) hit a new 52-week low and has $2.15 target or 11.00% below today’s $2.42 share price. The 8 months bearish chart indicates high risk for the $22.42M company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $2.15 price target is reached, the company will be worth $2.47M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 12,504 shares traded hands. Diana Containerships Inc (NASDAQ:DCIX) has declined 42.69% since March 30, 2016 and is downtrending. It has underperformed by 45.70% the S&P500.

Analysts await Diana Containerships Inc (NASDAQ:DCIX) to report earnings on November, 8. They expect $-0.77 EPS, down 862.50% or $0.69 from last year’s $-0.08 per share. After $-0.88 actual EPS reported by Diana Containerships Inc for the previous quarter, Wall Street now forecasts -12.50% EPS growth.

Diana Containerships Inc (NASDAQ:DCIX) Ratings Coverage

Out of 2 analysts covering Diana Containerships (NASDAQ:DCIX), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. Diana Containerships has been the topic of 2 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Zacks downgraded the shares of DCIX in a report on Thursday, September 17 to “Hold” rating. The stock of Diana Containerships Inc (NASDAQ:DCIX) has “Underperform” rating given on Friday, November 20 by Wells Fargo.

According to Zacks Investment Research, “Diana Containerships Inc. is primarily focused on the worldwide transportation of container cargoes and owns and operates two 3,426 TEU containerships. It plans to engage in the seaborne transportation of finished consumer and industrial products.”

More important recent Diana Containerships Inc (NASDAQ:DCIX) news were published by: Nasdaq.com which released: “Diana Containerships Inc. Announces the Date for the 2016 Third Quarter …” on October 25, 2016, also Globenewswire.com published article titled: “Diana Containerships Inc. Announces Amendment to Loan Agreements”, Globenewswire.com published: “Diana Containerships Inc. Announces the Delivery of a Post-Panamax Container …” on November 16, 2015. More interesting news about Diana Containerships Inc (NASDAQ:DCIX) was released by: Globenewswire.com and their article: “Diana Containerships Inc. Announces Reverse Stock Split” with publication date: June 01, 2016.

DCIX Company Profile

Diana Containerships Inc., incorporated on January 7, 2010, is engaged in the business of ownership of containerships. The Firm is engaged in the seaborne transportation industry through the ownership of containerships and operates its fleet through Unitized Ocean Transport Limited (UOT), a subsidiary of the Company. UOT provides the Company and its vessels with management and administrative services.

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